Bengaluru man falls to ‘7x profit’ lure, loses Rs 6.4 crore in trading scam

A Bengaluru man fell victim to an online investment scam. He lost Rs 6.4 crore to a fake US-based advisory firm. The firm lured him with a 700% profit plan. He borrowed money from friends and family. The fraudsters made him pay for more shares and a security deposit. They vanished after he refused to pay more.